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Bitcoin Slides 14 Percent On Crackdown Fears Hits Four-week Low

LONDON – Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South...

Philippines Duterte Had Nothing To Do With News Sites License Spokesman

MANILA – The office of Philippine leader Rodrigo Duterte sought to distance itself on Tuesday from a regulator’s decision to revoke the license of a...

Indonesia Bourse Holds Minute Silence For Injured After Floor Collapse

JAKARTA, – Indonesia’s stock exchange held a minute silence at the start of trading on Tuesday for more than 70 people injured when a mezzanine floor in the...

Citi To Raise Pay For Women And Minorities In Us Uk Germany

– Citigroup Inc (C.N) will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom and Germany, as part of its...

Imf Concerned By Ukraines New Anti-corruption Draft Law -paper

KIEV – The International Monetary Fund has told the Ukrainian authorities that it does not support a draft law to create an anti-corruption court because the bill...

Hna Wins Loan Deadline Extension To Proceed With Hong Kong Property Project

HONG KONG – Chinese conglomerate HNA Group’s [HNAIR.UL] Hong Kong International Investment unit has negotiated a six-month deadline extension for a loan...

Lloyds Of London To Open Brussels Unit In Early 2019 Ceo

HONG KONG – Insurance market Lloyd’s of London [SOLYD.UL], an integral part of the British business scene since the 17th century, is on track to start...

Xiaomi Taps Clsa Morgan Stanley Goldman For Ipo Sponsor Role Sources

HONG KONG – Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, people with direct knowledge of the matter said, in...

Hnas Problems Mount As Airlines Delay Payments Bank Sets Up Team To Handle Debt Sources

SHANGHAI/SINGAPORE – Some airlines affiliated with China’s HNA Group Co Ltd are delaying aircraft lease payments to lessors, and Export-Import Bank of China,...

South Korea Says Planned Ban On Cryptocurrency Market Not Yet Finalized

SEOUL – South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies were still in talks to decide how...